22:14, December 6, 2023
The Moscow Exchange plans to launch a mechanism to counter the destabilization of share prices from December 25, 2023. The trading platform intends to limit the aggressiveness of limit orders.
Photo: pxhere.com
It is emphasized that the practice aimed at protecting investors from errors when submitting applications for transactions and countering the destabilization of stock prices has previously demonstrated a high level of effectiveness.
After the rules change, when executing a limit order for shares and shares, the maximum deviation of the order execution prices will be set at 5% of the price of the best counter order.
As explained in the Moscow Exchange, before this, when placing an order for sale or acquisition, all counter orders were considered acceptable in relation to it, which was associated with significant risks for investors who are not sufficiently aware of the types of orders and the possible results of their use.
Earlier, ABN24 reported that Russian Finance Minister Anton Siluanov spoke about the results of introducing an excess profit tax.
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2023-12-06 19:14:12
